Efficient wage formation
The National Mediation Office is required to promote an efficient process of wage formation. This means combining statisfactory real wage growth with improved employment levels while maintaining competitiveness. This is to be achieved by ensuring that cost levels in Sweden, taking productivity trends into account, do not rise above those of Sweden's competitors. Another aim is to ensure that wage formation as far as possible does not give rise to labour disputes that harm third parties.
Further, overall wage increases may not imperil the goal of 2 per cent inflation per annum decided by the Swedish Central Bank (Riksbanken).
In pursuit of these goals, the National Mediation Office holds regular talks with the social partners, organises conferences and seminars, initiates research and publishes an annual report on wage formation.
Read more about factors that affect wage formation in Sweden.